China has always favored the Yuan! Yuan stablecoins would allow participation in both the traditional circuit and in Crypto without any difficulty.

China is set to officially validate its first yuan-backed stablecoins in the coming weeks, marking a key step in its strategy to internationalize its national currency.

The strategic move

These stablecoins - cryptocurrencies whose value is pegged to the Chinese yuan - aim to simplify cross-border transactions and boost the credibility of the Chinese crypto ecosystem among international users.

The ultimate goal